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Evaluation of 2001 Crisis in Dollarization Dimension With VAR Analysis

Ayşegül Ak
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Ayşegül Ak: Başkent University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2021, vol. 36, issue 116, 155-170

Abstract: As a crisis for being used all over the world in 2020, the similarities caused by the Covid19 virus with the previous and past crises in the literature began to be increasingly discussed. So, the main starting point of the study is to associate the variables of the 2001 crisis in Turkey, especially with credit dollarization. First of all, the crisis as the cost of dollarization to the economy was discussed and with the analysis part, dollarization divided into two as credit and deposit dollarization and its relationship with interest change, exchange rate change, inflation and Gross Domestic Product change has been tried to be revealed. According to the results of the analysis, 65% of the explanations of people like dealing with credit dollarization were considered to be of high value for the social sciences.

Keywords: Financial crisis; logit model; dollarization (search for similar items in EconPapers)
JEL-codes: C01 E44 F31 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:36:y:2021:i:116:p:155-170

DOI: 10.33203/mfy.975032

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